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Voting power622.5K
Delegated addresses13800
Proposals created0
For/Against/Abstain
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Delegate Statement

We look forward to leveraging our learnings from other protocols and the deep relationships our team has fostered across DeFi, TradFi, governments, and academics.

GFX has a record of rolling up our sleeves and getting work done. The GFX team has authored half of all successful proposals on Uniswap (including the first cross-chain governance proposal), listed multiple assets and developed the price oracle on Compound, and led efforts at MakerDAO to interface with regulators, lawmakers, and outside researchers. We actively work to find mutual benefits for protocols we cover to collaborate – such as the soon-to-be deployed DAI Direct Deposit Module for MakerDAO to plug directly into Compound.

Delegation to GFX Labs is a delegation to a governance team that is one of the most experienced in DeFi, able to facilitate partnerships, and with a track record of consistent engagement and delivery of results.

GFX Labs isn’t a fund. We don’t hold positions. We are a team of builders who love DeFi. Our participation in governance is rooted in a desire to see DeFi overtake legacy finance. We promise to be active participants. We’ll explain not only when we agree, but most importantly, when we disagree. As first-hand participants in governance, we know how frustrating it is to work on a proposal, receive limited comments, only to have the proposal shot down at launch. Our door will always be open to those who share the passion for DeFi that we have.

My view on the Optimistic Vision: GFX has a passion for building and optimizing protocols and the Web3 ecosystem generally. Our past record shows a commitment to the same ideals expressed in the Optimistic Vision – collaboration, coordination, and democratization of everything Web3.

My view on the first three articles of the Working Constitution:

Article 1: Experimentation is appropriate, but past experience at major protocols suggests experimentation should be done with specific goals in mind. An ability to experiment early on is worthwhile, but needs to be tempered with an ability to commit once a winning formula has been found.

Article 2: A bicameral structure should in theory provide a more robust set of checks and balances, but only to the extent that OP Holder and OP Citizens are representative of differing constituencies. Shaping the criteria for the latter will be very important to get correct.

Article 3: The Foundation-that-decentralizes-over-time model worked quite well for governing the Maker protocol. It will be important to have robust governance processes developed prior to the end of that journey, however, to insure institutional knowledge is retained and best practices continue after full decentralization.

My skills and areas of expertise: GFX staff have experience in DeFi governance, proposal creation & execution, regulatory interface, academic outreach, economics, financial systems & markets, cross-protocol collaboration.

Past Votes

Voted on 1 options in this proposal about 2 months ago with 628K votes

Security Council Elections: Cohort A Lead

alisha

Reason: Alisha is the only candidate, and has served on the Security Council for several seasons.
Voted on 7 options in this proposal about 2 months ago with 628K votes

Security Council Elections Cohort A Members

Voted:

Alchemy Insights, Inc.

,

Cyfrin

,

Emiliano

,

Lund Ventures

,

Mariano

,

pablito.eth

,

Ξthernaut

Reason: Mariano and Ξthernaut are long-term incumbents, and offer some geographic diversification of the council. Cyfrin, Pablito (Pablo Sabbatella), Emiliano (Bonassi), and Alchemy are all strong technical candidates with a focus on security research. Lund Ventures has a legal background, which may prove useful in a war room in certain instances, and is headed by Dane Lund, who has deep organizational knowledge of Optimism, its governance, and affiliated entities. There are several other well-qualified candidates, but with only seven seats, GFX has chosen to vote in a manner that can most impact the election.
Voted for this proposal 4 months ago with 633K votes

Security Council Season 7 Retroactive Funding Request

Reason: This is a case that highlights the issues with denominating pay for key roles in OP rather than dollars. At the time of initial approval OP had more than 2x the market price it enjoys today. Going forward, members of the Council should be aware of the market risk they bear by accepting OP payments, but an even better solution would be to shift towards denominating pay in currency terms rather than in-kind token terms
Voted on 5 options in this proposal 5 months ago with 636K votes

Grants Council Election: Final Reviewer

Reason: Including ourselves, we are confident that all of the incumbent members of the Grants Council can continue to build out a more active and impactful role for the Grants Council in reviving Optimism’s DeFi ecosystem and supporting members of the Superchain.
Voted on 4 options in this proposal 5 months ago with 636K votes

Season 8/9 Operating Budgets

Voted:

Developer Advisory Board Operating Budget

,

Grants Council Operating Budget

,

Milestones & Metrics Council Operating Budget

,

Security Council Operating Budget

Reason: Note that the total is slightly higher than the 4.44m OP approved budget cap, which will result in a small, de minimis reduction to all budgets if all four are selected.
Voted on 5 options in this proposal 5 months ago with 636K votes

Developer Advisory Board Election: Members

Reason: Blockdev is seeking reelection and served well last season. M4rio previously served on the Audits Subcommittee for the Grants Council in Season 6, and is an active top 1% OP stack developer. Devtooligan served on the DAB in Season 6, and served well. Wbnns is seeking reelection and served well last season and in Season 6. Odysseas.eth is an active top 1% OP stack developer. Other candidates appear qualified and will no doubt serve well, but we wish to concentrate our selection on those we consider proven choices.
Voted on 5 options in this proposal 5 months ago with 636K votes

Milestones & Metrics Council Election: Reviewers

Reason: This is an extremely competitive election with an embarrassment of riches when it comes to qualified, seasoned candidates. While nearly all candidates have our confidence, we have tried to make our vote more meaningful by limiting it to those with significant experience as Optimism governance contributors.
Voted abstain this proposal 5 months ago with 636K votes

Anticapture Commission Dissolution Proposal

Reason: While we have consistently been of the view that the Anticapture Commission did not play a vital role, it has also evolved into one of the few “junior contributor” roles for delegates and stakeholders looking to become involved in governance. The ACC’s activities generally enforce a certain level of context amongst its active members, and a position on the ACC has served as a stepping stone to more senior roles in the past. So the ACC has value as part of the pipeline of building a more diverse and deeper bench of governance participants. However, we cannot bring ourselves to vote against its dissolution simply on the basis of being make-work.
Voted for this proposal 5 months ago with 622K votes

Budget Board Advisory Proposal for the DAO Operating Budget for Seasons 8 and 9

Reason: The Budget Board revised this number up from 2,300,000 OP after delegate feedback, including our own. This budget cap doesn’t have to be spent, but is enough that it will prevent council leads from being overly competitive for resources, and better reflects that governance needs operational budget to expand to take over some activities currently run by the Foundation.
Voted for this proposal 5 months ago with 622K votes

Upgrade 16 Proposal: Interop Contracts, Stage 1, and Go 1.23 Support in Cannon

Reason: None of these are controversial changes, and only concerns about security would cause us to vote against.
Voted for this proposal 6 months ago with 624K votes

Season 8/9 Developer Advisory Board Charter

Reason: Our past interactions with wildmolasses and the DAB in our capacity as grants reviewers have found him to be helpful and thoughtful.
Voted against this proposal 6 months ago with 624K votes

Governor Update Proposal: Removing Abstain Count from Quorum

Reason: On the one hand, quorum tends to be harder to maintain over time, and this exacerbates that problem. On the other hand, that is a larger issue that requires a comprehensive solution. Referring to practices in governmental and corporate settings, presence is typically counted towards quorum, rather than active vote. Stretching that analogy to DAOs, a vote to Abstain is effectively attendance without voting, which does count towards quorum in most settings. As additional context, we have seen other major DAOs, like Uniswap, now struggle to achieve quorum. We also view this as a low-stakes issue, since abstentions are relatively rare in Optimism DAO votes.
Voted for this proposal 6 months ago with 624K votes

Season 8: Intent Ratification

Reason: This overall goal for Season 8 is consistent with the emphasis on the to-be-shipped interop upgrades. Note that the Intent for Season 7 was a set of interoperable Stage 1 chains doing $250m per month in cross-chain asset transfers, despite interoperability not shipping during Season 7. This new Intent marks a significantly more conservative goal.
Voted for this proposal 6 months ago with 624K votes

Season 8/9 Milestones and Metrics Council Charter

Reason: GFX Labs has worked closely with PGov, both during the time that Metrics and Milestones was internal to the Grants Council and during collaboration at other protocol governances. PGov operates in a professional, low-drama manner, which is exactly what is needed for the Metrics and Milestones Council.
Voted for this proposal 6 months ago with 624K votes

Season 8/9 Grants Council Charter

Reason: GFX Labs has served on the Grants Council since its inception, including the Seasons where Gonna has been the Lead. He has done an excellent job to date, and we have full confidence in his ability to continue to deliver value to OP holders through an organized, publicized, and thoughtful grants program.
Voted against this proposal 6 months ago with 618K votes

Season 8 and 9 Milestone and Metrics Council Selection

Reason: https://gov.optimism.io/t/gfx-labs-delegate-communication-thread/2728/53
Voted for this proposal 8 months ago with 645K votes

Season 8 and 9: Budget Board Member Ratification

Reason: Recommendation: Vote For. Overall, this is a solid slate of initial members. Over time, we would like to see a steady movement away from Labs and Foundation affiliates given the potential for conflicts of interest that creates, since representatives are supposed to represent Citizen and Token Houses. Dane Lund, the proposed lead, was the inaugural lead for the Optimism Grants Council, which has generally been a success and has become the template for many grants programs outside Optimism.
Voted for this proposal 8 months ago with 646K votes

Upgrade Proposal #15: Isthmus Hard Fork

Reason: This upgrade is required to fully take advantage of and harmonize Optimism with the Pectra update on mainnet. External audits or reviews for this and Upgrade Proposal #15 were completed by Coinbase and Spearbit.
Voted for this proposal 8 months ago with 646K votes

Upgrade Proposal #14: Isthmus L1 Contracts + MT-Cannon

Reason: These changes are prerequisite for Isthmus, and also implement changes expected to improve the fault proof challenge system. The operator fee changes allow for different OP stack chain operators to better customize fees to suit their own provability stack if they so choose, as well as provide flexibility for other ways to utilize the fee. External audits or reviews for this and Upgrade Proposal #15 were completed by Coinbase and Spearbit.
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